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Panacea for Disruptors
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Last week’s podcast I made mention of the latest real estate disruptor making waves in the real estate world with the 2billion IPO from Redfin. As Inman proclaimed of the IPO “Our industry will never be the same”. I agree, but maybe not for the reasons a whole lot of others think. My crystal ball tells me the flood gates will open with, this one and that one, making a pitch to cut the real estate agent out of the mix.
So here is another disruptor throwing it’s hat in the ring.
OfferPad, an "iBuyer" that uses technology to quickly buy and resell homes, is helping buyers hail agents like Uber rides. Such companies, which the report terms “iBuyers,” use new technology to make quick offers on homes and close in days. They could also chip into real estate commissions and help homebuilders move their inventory faster, the authors wrote
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